Ownership of Natural Resources Is Not Necessary for an Economy

question 26

Multiple Choice

Ownership of natural resources is not necessary for an economy to be highly productive because

• A) productivity depends only on human capital.
• B) productivity depends only on the quantity of labour a country has.
• C) natural resources can be acquired through international trade.
• D) natural resources are less important than a country's stock of capital goods.

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Definitions:

Parents

Parents are guardians or caretakers responsible for raising, supporting, and guiding their children through various stages of development.

Older Years

A term referring to the later stages of an individual's life or lifespan, often associated with retirement, aging, and the consideration of legacy.

Fantasy Appeal

A marketing and advertising strategy that leverages imaginative, dream-like, or idealized scenarios to capture interest and influence consumer attitudes or behavior towards a product or brand.

Actual

Pertaining to what is real or existing in fact, not just in possibility or theory.